Payment distribution system and method
US11587086B1 · kind B1 · utility
0Cited by
8References
21Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Nov 12, 2019 |
| Grant date | Feb 21, 2023 |
| Priority date | — |
| Expiry date | Dec 7, 2039 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG07F9/006
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The vending machine system automates the distribution of funds via a payment instrument. The system verifies the identity of the user to confirm the proper recipient of the funds. The system applies rules when performing transactions, including the distribution of funds. The system also activates the payment instrument if required. The system also allows a user to void a payment instrument to recapture the funds associated with the voided instrument. The system dispenses the payment instrument and tracks the funds of the payment instrument for the user.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.